Farmer Exchange Rate (NTP) in February 2019 amounted to 102.94, down 0.37 percent

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Release Date	:	March 1, 2019
File Size	:	2.37 MB

Abstract

Farmer Exchange Rate (NTP) is a comparison of the index of prices received by farmers (It) against the price index paid by farmers (Ib).
NTP is one indicator to see the level of ability / purchasing power of farmers in rural areas. NTP also shows terms of trade of agricultural products with goods and services consumed and for production costs. The higher the NTP, the stronger the ability / purchasing power of farmers is relatively stronger.
The national NTP for February 2019 was 102.94, down 0.37 percent compared to the previous month's NTP. The decline in NTP was due to the Farmer Accepted Price Index (It) which down 0.53 percent, greater than the increase in the Farmer Paid Price Index (Ib) of 0.16 percent.
In February 2019, Riau Province NTP experienced the highest increase (1.58 percent) compared to the increase in other provincial NTPs. In contrast, the Sulawesi Tengah Province NTP experienced the largest decline (1.47 percent) compared to the decline in other provincial NTPs.
In February 2019 there was rural deflation in Indonesia of 0.29 percent, caused by a decline in the index in all the groups composing the Household Consumption Index (SCE).
The national Agricultural Household Exchange (NTUP) value for February 2019 was 111.18 or fell 0.73 percent compared to NTUP the previous month.
Out of 1,323 grain sales transactions in 28 provinces during February 2019, 72.11 percent of dry harvested rice (GKP), 11.19 percent of dry grain (GKG), and 16.70 percent of low quality grain were recorded.
During February 2019, the average price of GKP at the farm level was Rp. 5,114.00 per kg, down 4.46 percent and at the grinding level Rp. 5,222.00 per kg or down 4.24 percent compared to the same quality grain price at January 2019. The average price of GKG at the farm level is Rp. 5,828.00 per kg, up 0.83 percent and at the grinding level Rp. 5,952.00 per kg or up 0.84 percent. The price of low quality grain at the farm level is Rp. 4,616.00 per kg, down 1.63 percent and at the grinding level Rp. 4,721.00 per kg or down 1.64 percent.
Compared to February 2018, the average price in February 2019 at the farm level for all qualities, namely GKP, GKG, and low quality grain, decreased by 1.79 percent, 2.23 percent and 2.94 percent respectively. Likewise at the grinding level, the average price in February 2019 for all qualities, namely GKP, GKG, and low quality grain also decreased by 1.56 percent, 2.33 percent and 2.52 percent respectively.
In February 2019, the average price of premium quality rice in the mill was Rp. 10,008.00 per kg, down by 1.02 percent compared to the previous month. The average price of medium quality rice in the mill is IDR 9,800.00 per kg, down by 1.04 percent. While the average price of low quality rice in the mill is Rp. 9,475.00 per kg, up by 0.65 percent.
Compared to February 2018, the average price of rice in the mill in February 2019 for all qualities, namely premium, medium and low decreased by 3.60 percent, 4.06 percent and 5.14 percent respectively.